Xinjiang Baodi Mining Co (SHSE:601121) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2024)

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What is Xinjiang Baodi Mining Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Xinjiang Baodi Mining Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.03.

Xinjiang Baodi Mining Co's long-term debt to total assets ratio declined from Jun. 2023 (0.04) to Jun. 2024 (0.03). It may suggest that Xinjiang Baodi Mining Co is progressively becoming less dependent on debt to grow their business.

Xinjiang Baodi Mining Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xinjiang Baodi Mining Co's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Xinjiang Baodi Mining Co LT-Debt-to-Total-Asset Chart

Xinjiang Baodi Mining Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.03

Xinjiang Baodi Mining Co Quarterly Data
	Dec12	Dec13	Dec14	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.04	0.03	0.03	0.03	0.03

Xinjiang Baodi Mining Co LT-Debt-to-Total-Asset Calculation

Xinjiang Baodi Mining Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	194.319	/	6185.832
	=	0.03

Xinjiang Baodi Mining Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	188.654	/	6313.692
	=	0.03

Xinjiang Baodi Mining Co (SHSE:601121) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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Xinjiang Baodi Mining Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xinjiang Baodi Mining Co Ltd (SHSE:601121) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

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Address

No. 390 Karamay East Street, Floor 15, Shenzhen City Building, Shayibak District, Xinjiang Uygur Autonomous Region, Urumqi, CHN, 830000

Website

Xinjiang Baodi Mining Co Ltd is engaged in the Iron ore mining, mineral processing and iron concentrate sales.

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